Inventories

TicketNetwork has agreed to pay $750,000 as part of a settlement after the state alleged that the company, which sells tickets on the secondary market, profited from deceptive practices on partner websites.

The settlement, which awaits court approval, follows state allegations that TicketNetwork partners Ryadd Inc. and SecureBoxOffice LLC engaged in unfair trade practices by representing themselves as official ticket sources, as opposed to secondary markets in which tickets are resold, sometimes at prices above face value.

The state said TicketNetwork "knowingly has profited from the deceptive venue-mimicking tactics of Ryadd and SBO."

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